1. What is the EV Cost Per Mile Calculator?

The EV Cost Per Mile Calculator estimates the operating cost per mile for an electric vehicle based on your local electricity rate and your vehicle's energy consumption.

2. How Does the Calculator Work?

The calculator uses the following equation:

Where:

• Electricity rate — Your local cost per kilowatt-hour of electricity
• Energy consumption — Your vehicle's energy usage per mile

Explanation: The equation multiplies the cost of electricity by how much electricity your vehicle uses per mile traveled.

3. Importance of Cost Calculation

Details: Understanding your cost per mile helps with budgeting, comparing EV operating costs to gasoline vehicles, and evaluating the financial benefits of electric vehicle ownership.

4. Using the Calculator

Tips: Enter your local electricity rate in dollars per kWh (check your utility bill) and your vehicle's energy consumption in kWh per mile (available from your vehicle's dashboard or manual). Both values must be greater than zero.

5. Frequently Asked Questions (FAQ)

Q1: Where can I find my electricity rate?
A: Check your utility bill or contact your electricity provider. Rates may vary by time of day or season.

Q2: How do I find my vehicle's energy consumption?
A: Most EVs display this information on the dashboard or infotainment system. You can also calculate it by dividing kWh used by miles driven.

Q3: How does this compare to gasoline costs?
A: To compare, calculate gasoline cost per mile by dividing price per gallon by your vehicle's MPG rating.

Q4: Does this include all EV ownership costs?
A: No, this only calculates energy costs. It doesn't include maintenance, insurance, depreciation, or other ownership costs.

Q5: Why is my actual cost different?
A: Actual costs may vary due to driving conditions, temperature, accessory use, charging efficiency losses, and electricity rate variations.